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The total population of Rankin is estimated to be 490 with 261 males (53.27%) and 229 females (46.73%). There are 32 less females than males in Rankin.
The median household income in Rankin was $50,836 in 2021, which marked an a decrease of 510(0.99%) from $51,346 in 2020. This income is 68.14% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Rankin sees its highest median household income among householders in the age group of 45 to 64 years old, at $66,206. Overall, the median household income for the village of Rankin stands at $50,836.
In Rankin, the median income for all workers aged 15 years and older, regardless of work hours, was $33,103 for males and $18,622 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $49,413 for males and $38,846 for females.
In Rankin, population is primarily represented by White households, reporting a median income of $51,682.
In 2022, the population of Rankin was 480, a 1.23% decrease year-by-year from 2021. Previously, in 2021, Rankin's population was 486, a decline of 1.42% compared to a population of 493 in 2020.
The median age in Rankin, IL is 32.8, as per 2021 ACS 5-Year Estimates. Of the total population, 22.75% were under the age of 15, 19.45% aged 15 to 29, 48.62% aged 30 to 64, 8.44% aged 65 to 84, and 0.73% were 85 years of age and older.
Racial distribution of Rankin population: 95.78% are White, 1.47% are some other race and 2.75% are multiracial.